Applied Digital (OTCMKTS:APLD) Shares Down 1.1% – Time to Sell?

Shares of Applied Digital Co. (OTCMKTS:APLD) were down 1.1% during trading on Monday . The company traded as low as $7.74 and last traded at $7.92. Approximately 12,763,227 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 8,641,239 shares. The stock had previously closed at $8.01.

Applied Digital Price Performance

The firm has a market capitalization of $1.67 billion, a P/E ratio of -16.16 and a beta of 4.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40. The business has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $6.55.

Applied Digital (OTCMKTS:APLD) last posted its quarterly earnings data on Wednesday, October 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.25. Applied Digital had a negative net margin of 80.60% and a negative return on equity of 61.59%. The firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $54.03 million. On average, sell-side analysts expect that Applied Digital Co. will post 0.41 EPS for the current fiscal year.

About Applied Digital

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.